Results 161-180 of 326 for rebuilding ireland home loan speaker:Darragh O'Brien

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Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (6 May 2021)

Darragh O'Brien: ...market which based on the last census in 2016 was more than 2 million houses and apartments. Industry estimates suggest that the total number of residential units under institutional ownership in Ireland was approximately 15,550 at the end of 2020, less than 1% of the total housing stock. Historically, the private rented sector in Ireland has been largely made up of small-scale landlords,...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (5 May 2021)

Darragh O'Brien: ...society and this is reflected in the Programme for Government "Our Shared Future". I am currently progressing two affordable purchase schemes. The fisrt of these entails the delivery of affordable homes by local authorities. To support this, under the Serviced Sites Fund, €310 million has been allocated to provide infrastructure to support the delivery of more affordable homes on...

Written Answers — Department of Housing, Planning, and Local Government: Departmental Schemes (5 May 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan is designed to enable suitable first time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, or to self build; it does not include undertaking refurbishment of existing houses. There are no plans currently to include refurbishment of existing houses as part of the Rebuilding Ireland Home Loans...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (5 May 2021)

Darragh O'Brien: Allocations for new lending approvals under the Rebuilding Ireland Home Loan (RIHL) scheme are allocated each year and communicated to all 31 local authorities. For clarity, this allocation sets out the maximum amount of RIHL loans that a local authority can approve for a given year. The loans stemming from these approvals can be drawn down in the year of allocation or in a subsequent year....

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (5 May 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan Scheme is designed to enable credit worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties. The Rebuilding Ireland Home Loan provides first-time buyers with access to mortgage finance that they may not otherwise have been able to afford at a higher interest rate. More details of this are set out in the FAQ's...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (5 May 2021)

Darragh O'Brien: Ireland’s underlying housing affordability challenges are clearly associated with an imbalance between supply and demand. This Government is absolutely committed to ensuring that affordable, quality housing solutions are available to everyone in Irish society and this is reflected in the Programme for Government "Our Shared Future". The Programme for Government makes commitments to...

Written Answers — Department of Housing, Planning, and Local Government: Housing Data (28 Apr 2021)

Darragh O'Brien: I propose to take Questions Nos. 457, 464 and 465 together. The Housing Agency provides a central support service which assesses applications for the Rebuilding Ireland Home Loan on behalf of local authorities and makes recommendations to the authorities to approve or refuse applications. Each local authority must have in place a credit committee and it is a matter for the committee to make...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (21 Apr 2021)

Darragh O'Brien: ...Scheme of which I published on the 20th of January last. The Bill includes provisions to underpin three schemes delivering on the Government’s commitment to prioritise the increased supply of affordable homes through (1) affordable homes for purchase delivered by local authorities, (2) a new affordable purchase shared equity scheme for private homes, and (3) the introduction of a...

Written Answers — Department of Housing, Planning, and Local Government: Social and Affordable Housing (21 Apr 2021)

Darragh O'Brien: ...the scheme, he or she may fund the purchase of a house from one, or a combination, of his/her own resources or a mortgage provided by a financial institution or a local authority house purchase loan. In relation to affordable housing more generally, the Programme for Government, ‘Our Shared Future’, clearly lays out our commitment to putting affordability at the heart of...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (21 Apr 2021)

Darragh O'Brien: ...separation or divorce to get a decision on social housing support in these cases. In order to provide more flexibility to local authorities to deal with cases where the ownership of the family home had not yet been finalised, the Housing (Miscellaneous Provisions) Act 2014 amended section 20 of the 2009 Act. Local authorities may now provide such households with social housing support...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (21 Apr 2021)

Darragh O'Brien: I propose to take Questions Nos. 806 and 825 together. Single applicants for the Rebulding Ireland Home Loan must not be earning greater than €50,000 gross per annum. The combined income of joint applicants must not be greater than €75,000 gross per annum. There are no set minimum income limits; however, applicants do need to have sufficient borrowing and repayment capacity...

Joint Oireachtas Committee on Housing, Planning and Local Government: Update on the Programme for Government: Department of Housing, Local Government and Heritage (20 Apr 2021)

Darragh O'Brien: .... There is an option for the future with cost rental. I met the Minister for Rural and Community Development, Deputy Heather Humphreys, and there are other ways we may be able to bring vacant homes back to use for potential first-time buyers. It is something we must look at. The Senator asked if the cost-rental model would be opened to parties outside of approved housing bodies. I...

Select Committee on Housing, Planning and Local Government: Estimates for Public Services 2021
Vote 16 - Valuation Office (Revised)
Vote 23 - Property Registration Authority (Revised)
Vote 34 - Housing, Local Government and Heritage (Revised) (20 Apr 2021)

Darragh O'Brien: ...on this to the committee and I will go through the high-level points of the Department's Estimate for 2021, as well as the Votes for the Valuation Office and the Property Registration Authority of Ireland, which are under the aegis of my Department. We have given some performance information and we have also given a briefing to members. Our time is limited and we will have a further...

Written Answers — Department of Housing, Planning, and Local Government: Housing Data (1 Apr 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan scheme remains open for business. All local authorities are receiving and processing RIHL applications and are incorporating increased flexibility to accommodate applicants during the COVID 19 Pandemic. It is anticipated that processing of a complete and valid application will take approximately 6-8 weeks. This period may vary during the current COVID-19...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (1 Apr 2021)

Darragh O'Brien: Single applicants for the loan must not be earning greater than €50,000 gross per annum. These income limits are unchanged from the previous local authority loan offerings. Loan applicants who are dissatisfied with a loan application decision of a local authority Credit Committee can usually appeal the decision to the local authority. However if someone does not meet the eligibility...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (1 Apr 2021)

Darragh O'Brien: ...the General Scheme on 20 January last. The Bill includes provisions to underpin three schemes delivering on the Programme for Government commitment to prioritise the increased supply of affordable homes through (1) affordable homes for purchase delivered by local authorities (2) a new affordable purchase shared equity scheme for private homes, and (3) the introduction of a new form of...

Written Answers — Department of Housing, Planning, and Local Government: House Purchase Schemes (31 Mar 2021)

Darragh O'Brien: ...the General Scheme on 20 January last. The Bill includes provisions to underpin three schemes delivering on the Programme for Government commitment to prioritise the increased supply of affordable homes through (1) affordable homes for purchase delivered by local authorities (2) a new affordable purchase shared equity scheme for private homes, and (3) the introduction of a new form of...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (31 Mar 2021)

Darragh O'Brien: Single applicants are permitted to apply for the Rebuilding Ireland Home Loan. The property being purchased must have clean title. Once the sole borrower has purchased a property with a Rebuilding Ireland Home Loan, he/she must occupy the property as their normal place of residence. A married or other couple may reside within the property with the sole borrower but they cannot have any...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (24 Mar 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan Scheme enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, where they cannot obtain sufficient mortgage finance from a commercial lender. As with the previous local authority loan offerings, the Rebuilding Ireland Home Loan is available to first-time buyers only....

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (24 Mar 2021)

Darragh O'Brien: As part of the eligibiity criteria for the Rebuilding Ireland Home Loan an applicant must be in continuous employment for a minimum of two years, as a primary earner or be in continuous employment for a minimum of one year, as a secondary earner. The final decision on loan approval is a matter for each local authority and its Credit Committee on a case-by-case basis. ...